Google parent to lay off 12,000 workers as AI focus intensifies

Posted on AllSides January 20th, 2023
From The Center
REUTERS/Benoit Tessier

Google's parent Alphabet Inc (GOOGL.O) is cutting about 12,000 jobs, or 6% of its workforce, it said in a staff memo Friday, as the technology sector reels from layoffs and companies stake their futures on artificial intelligence (AI).

Alphabet's shares were up nearly 3% in pre-market trading.

The cuts come at a delicate moment for the U.S. company, which has long been the leader in key areas of AI research.

Alphabet now faces a challenge from Microsoft Corp (MSFT.O) in a branch of tech that can, for instance, create virtually...

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